Pakistan trying to enter into prolonged program with IMF: Finance Minister

Speaking to President of Asia Infrastructure Funding Financial institution (AIIB) Jin Liqun in Washington DC, he recognized broadening the tax base, fixing the power sector, and endeavor state-owned enterprise (SOE) reforms as key priorities of the federal government.

The Finance Minister briefed the AIIB President on Pakistan’s constructive financial indicators, together with enhancing international trade reserves, a steady foreign money, declining inflation charges, and a surging inventory market.

Muhammad Aurangzeb reaffirmed Pakistan’s dedication to proceed working intently with AIIB on the infrastructure improvement of the nation.

The Finance Minister met with Managing Director of Worldwide Finance Company Makhtar Diop. He expressed gratitude to IFC for its help within the outsourcing of the Islamabad airport, which will probably be adopted by related initiatives in Lahore and Karachi.

He famous with satisfaction the uptick in IFC actions within the nation and requested the company’s help in helping the federal government in shifting its Public Sector Growth Program (PSDP) to PPP mode.

The Finance Minister additionally with Deputy Beneath Secretary for Worldwide Finance on the U.S. Division of Treasury Brent Neiman and briefed him on Pakistan’s constructive financial indicators within the wake of the Stand-By Association (SBA) signed with the Worldwide Financial Fund.